Object-Oriented Analysis of a Modern Scalable and Secure Banking System Using UML

Abstract

This study explores UML (Unified Modelling Language) and Object-Oriented Analysis and Design (OOAD) usage to build a banking system that is both secure and scalable. The paper suggests a modern approach for banking applications, focusing on important aspects like transaction security, the ability to handle system growth, and real-time monitoring. The paper also shows how object-oriented methods can handle the complexity of banking systems. It explores technologies like microservices and blockchain to make the system more reliable and efficient. Lastly, it highlights the importance of security and fraud prevention, especially with real-time transaction tracking in today’s fast-moving financial worlds.